What is Employer Group Health Insurance - PowerPoint PPT Presentation
Title:
What is Employer Group Health Insurance
Description:
Some businesses may qualify for tax credit assistance for group health insurance coverage based on the Affordable Care Act's assistance provisions. Most group health insurers will require that at least two-thirds to 75% of full-time employees enroll. Group coverage must also be offered to employees' spouses and dependents, but the employer is not required to contribute towards their premiums, only the active employees. To know more visit here – PowerPoint PPT presentation
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Title: What is Employer Group Health Insurance
1
What is Employer Group Health Insurance
Companies that are looking to retain their most
valuable employees should consider offering
group medical insurance coverage. Group coverage
must also be offered to employees' spouses. Some
businesses may qualify for tax credit assistance
for group health insurance coverage based on the
Affordable Care Act's help provisions. There may
be other tax advantages to offering group health
coverage as well, and in some cases, there may
be penalties for not offering coverage. The cost
for group health coverage is generally lower per
person than similarly designed individual plans.
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